Summary of Proposed Investment
Project Number
7181
Company Name
Telemovil El Salvador, SA de CV
Date SPI Disclosed
Nov 9, 1995
Country
El Salvador
Industry
Telecommunications and Technology
Status
Completed
Sector
Mobile Telephony
Department
WBG Digital and AI
Environmental Category
B - Limited
Previous Events
Approved : Feb 22, 1996
Signed : Mar 7, 1996
Invested : May 14, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | El Salvador-Telemovil II |
| Region | Latin America and Caribbean |
| Sector |
Projected Board DateDecember 15, 1995
Company NameTelemovil El Salvador S.A.
Technical Partner and/or Major Shareholders
Millicom International Holdings Ltd (55%), IFC (15%)
Project Cost Including proposed IFC investment
Project Cost: US$43.0 million - IFC Loans: US$20.0 million
Location of project and Description of site
Countrywide.
Description of Company and Purpose of Project
Telemovil was awarded a cellular concession in 1991 after a competitive bid. It currently has about 12,000 subscribers and plans to expand to 60,000 by 1999 in response to higher than anticipated demand and the arrival of competition. Currently, the government of El Salvador is planning to license a competitor to ANTEL, the state owned national carrier in order to improve telephone service in the country and increase wireline penetration which is only about 5%.
Environmental Category and Issues
This is an Environmental Review Category B Project. Key issues associated with this project include right of way alignment, microwave transmission, radio towers, site selection, solid waste disposal, fire safety and employee training and safety.
The is November 15, 1995 from the Public Information Center.
| Date SPI sent to PIC | November 9, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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